European carriers are expected to report combined losses of $1.1 billion for the year, almost double the previous forecast of a $600 million loss, according to IATA. Releasing its revised 2012 industry outlook in Beijing during its annual meeting and summit, IATA said global industry profits are expected to be $3 billion, unchanged from the last update in March (ATW Daily News, March 21). A fall in oil prices, stronger than expected growth in passenger traffic, and a bottoming out of the ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.